Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$515,405$515,405$675,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$159,595$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.275%7.560%
1st payment$3,394.35$3,394.35$4,636.78
2nd payment$0.00$1,063.97$0.00
Taxes / mo$196.67$196.67$196.67
Insurance / mo$216.67$216.67$216.67
MI / mo$246.14$246.14$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,053.82$5,117.79$5,185.12
Cash to close$234,595$75,000$75,000